Frequently Asked Questions
Are you here because you might have a couple of questions about the process? That’s okay, most people do. Below is a collection of some of our most frequently asked questions, along with our answers to each out. If you still have an unanswered question, contact us anytime and we will answer any questions or hesitations you may have. We would be more than happy to talk with you.
Q: Are you listing my house on the MLS or are you actually buying it?
A: Great question. We’re not agents, we don’t list houses. We are professional home buyers and we purchase properties quickly and for cash. We have a range of options and techniques when purchasing a house, so depending on the situation will dictate what we do with the property, but typically we will purchase and repair the house and resell it to another homeowner or keep it as a rental ourselves.
Q: Do you actually give fair offers?
A: Yes. Many of the houses we purchase are below market value. The reason for this is we need enough margin so we can resell to another homeowner for a profit. We are looking for a discount on the property that is fair for bother the sellers (you) and the buyers (us). From our years of experience, most sellers aren’t expecting a large “windfall” from the property. Instead, they appreciate the fact that we can pay cash, close quickly, save them the stress of listing on the market with a local agent, and avoid the time and money of making costly repairs. Speed and convenience are what we offer in return. If this describes what you’re looking for and you see the benefits of selling your home fast, reach out to us and see if we can craft a win-win situation for both parties. Our no-obligation offer means you pay nothing and have no obligation or timeline to accept it, however, it does provide insight into what a professional home-buying service such as ourselves value the home at!
DOWNLOAD our free guide that walks you through the Pros and Cons (plus the cost and timeline) of selling your house to a real estate investor versus the pros, cons, and costs of the other two alternatives – listing with an agent or selling it yourself.
Q: How do you determine your offer price for my house?
A: Great question. Our process is very straightforward and we don’t mind being transparent about it with you. We take a look at the location of the home, the required repairs, the current condition of the home, and the value of similar homes in the area that have sold most recently. Taking all of this into account, we essentially work backward from the After Repair Value (what we believe it to be worth once all repairs and updates are completed) to arrive at what we consider a fair offer for your North Carolina or Georgia home.
Q: Do I have to pay any fees or commissions to work with you?
A: This is why we are different from selling your house the traditional way, there are no fees or commissions involved with selling directly to us. Once you contact us and provide the necessary information, we will make a cash offer, and if you choose to accept, we’ll purchase at that price with no additional fees. Again, we will pay for the closing costs as well. Our profit comes from fixing up the home and selling to another homeowner or keeping it as a rental. By going this route we are assuming all risk on whether we can actually sell for a profit. Once we buy the house, this risk becomes our own, and you are able to walk away with cash in your hand and without the headache, this property might have been causing you.
Q: How are you different from a real estate agent?
A: Real estate agents list properties with the hope that someone will buy them, we buy them ourselves. The agent will show the property to prospective buyers (the average time to sell a property in many markets right now is 4-8 months). If they do find a buyer, they will take a percentage of the sales price for doing so. Oftentimes, the agent’s commission is 3 to 6% of the sale price of your house. If it’s a $100,000 house, you’ll pay between $3,000 to $6,000 in commissions to an agent. This is only for your listing agent. If the buyer is using an agent as well, you are also responsible for their commissions as well, so you would be on the hook for another 3-6%.
Agents provide a great service and the purpose of these posts and our business model is in no way to denigrate the service they provide, however, we recognize that not everyone’s situation aligns with the pros/cons of selling your house the traditional way with a listing agent. That’s why we’re different. We’re home buyers, not agents. We purchase the home directly from you. Since we pay all cash and purchase the house directly from you, we can determine if we can purchase the house within a matter of days, typically the same day. Again, we’re able to offer this service by assuming the risk of purchasing with our own cash, making all known (and sometimes unknown repairs), with the goal of marketing the house ourselves to find a buyer.
Q: Do I have any obligation when I submit my information?
A: Nope. You have absolutely zero obligation. Once you submit your information about your property, we’ll take a look at everything, likely set up a quick call to get a better understanding of what is going on and make you a cash offer that is both fair for you and fair for us. From there, it’s completely up to you whether or not you want to accept our offer. If we’re not able to come to an agreement on price, we will explore other options to see if one of our other home-buying techniques might be useful in purchasing your home at the price and timeline you are looking for.
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Get your FREE Guide and then give us a call at (919) 609-5173. We would love to discuss what your home is worth and what we can offer to buy it with our Cash Offer Program.